The Long Run Is Defined as

question 23

Multiple Choice

The long run is defined as

• A) the period of time when most resources are variable.
• B) any time after one year.
• C) the period of time when all resources are fixed.
• D) any time after six months.
• E) the period of time when all resources are variable.

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Definitions:

Nation-State

A sovereign state whose citizens or subjects are relatively homogenous in factors such as language or common descent.

Regional Differences

Variabilities in customs, dialects, climates, or economic conditions among various areas within a country or between countries.

Executive Order

An executive order is a directive issued by a head of state or government, typically the President, that manages operations of the federal government.

Nation-State

A sovereign state whose citizens or subjects are relatively homogeneous in factors like language or common descent.